Holmstrom, who turns 40 on Wednesday, will announce his retirement at a 4:30 p.m. press conference before the Detroit Red Wings’ home opener against the Dallas Stars.

Holmstrom spent all 15 seasons of his NHL career with the Red Wings, finishing with 243 goals and 530 points. He won four Stanley Cups while a member of the Red Wings.

Holmstrom spent the summer and most of the lockout mulling a return for a 16th season, but ultimately decided to retire as longtime teammate Nicklas Lidstrom did last summer.

"The interesting thing, for me, with Homer is—not a very good skater but was the quickest guy from the net front to the corner, back to the net front, that I've ever coached," coach Mike Babcock told the Detroit Free Press. "Competed to get to his spot, was a great, great, great teammate, great man. Very, very ultra-competitive. All the best players are ultra-competitive. And found a way to win four Stanley Cup championships and represent his country (Sweden), play I don't know how many games. Pretty impressive."

Players and former teammates are expected to attend the press conference, the Free Press notes.